Market News

Mixed week for the Greenback as counter currency flows took center stage during a holiday shortened week in the U.S. 

U.K. election polling data was the big driver for Sterling this week, with the data pointing to a comfortable lead by the Tories to push GBP higher.

Both the euro and Swiss franc were net losers on the week as demand for the low-yielders fell with early week positive signs from the global trade story.

Canadian dollars bulls were likely happy campers this week as the Loonie was a net winner, most likely thanks to positive vibes in global risk sentiment. 

A combination of net positive NZ economic updates & early optimistic headlines on the global trade front had the Kiwi looking strong all week. 

AUD was a net loser on the week as the bulls were leaned on with dovish geopolitical trade headlines, as well as weak Aussie data and analysis

JPY sees red once again as global risk sentiment started off positive & Japanese economic updates continue to paint a picture of weakness ahead. 

With tons of mid-tier data scheduled in the euro zone, I’ve got my eye on a downtrend setup for EUR/NZD. Here’s what’s up.

What the heck are PMI reports and how are the manufacturing PMIs of major economies doing?

Pound pairs broke higher on YouGov poll results released earlier in the day, so this bullish momentum could carry on for the rest of the session.

Checking out NZD/JPY as it holds a recent triangle break pattern, ahead of potential catalysts from both New Zealand and Japan. 

The U.S. is printing a bunch of mid-tier data ahead of the Thanksgiving break and, after today’s crude oil data, I’m looking at USD/CAD for potential trade setups.

Checking out this steady trend in AUD/NZD ahead of potential market movers from both Australia and New Zealand. 

Markets seem to be in a much better mood lately, so I’m looking at a potential risk-on play with this short-term uptrend on AUD/CHF.

Kicking off the new week with this solid technical setup on NZD/CHF. Will the upcoming economic data from New Zealand keep the uptrend going? 

Start your trading prep with a quick review of last week’s forex action from my buddy Pip Diddy, an overview of catalysts lined up for the major currencies, and the charts to watch this week.

Optimism over a trade deal and a couple of positive data kept the dollar afloat last week. Which catalysts can influence its price action this week?

Global risk sentiment weighed on the Loonie last week. Can the bulls get back in the game this week?

The euro zone has another round of preliminary economic reports lined up while the Swiss economy has some low-tier releases up its sleeve. Take a look!

No data? No problem! Pound traders have been watching pre-election polls pretty closely lately to gauge how the actual results might turn out for Brexit.